S
Seller's Agent in 2024
Salar Farshchi Tabrizi
Equity Union
(919) 702-6650
1 in this area
15 Total Sales
728 Vernon Ave Venice, CA 90291
Venice NeighborhoodEstimated Value: $2,368,000 - $2,565,391
5
Beds
4
Baths
2,766
Sq Ft
$888/Sq Ft
Est. Value
Highlights
- Furnished
- Quartz Countertops
- Double Pane Windows
- Broadway Elementary Rated A
- No HOA
- Cooling System Mounted To A Wall/Window
About This Home
As of June 2024VACANT REMODELED 4PLEX WEST OF LINCOLN with RTI Permits to build a new single family house- Conveniently located in Venice Beach California, one of the highest-demand rental markets in the country. The front unit is a 2 bedroom & 1 bathroom single family residence with RTI permits to build a bigger house on it. Additionally, there are 3 fully remodeled, 1 bedroom, 1 bathroom units in the back. All 3 back units have been fully remodeled; New plumbing, new electrical, new HVAC, new doors & windows, new smooth stucco, new flooring, new appliances, separate laundry for each unit etc. This fully gated income property is once in a lifetime investment opportunity that provides its owner with many options. Back units being fully remodeled, having both front & back alley access with dedicated garage space in the back for all 3 back units make this property a truly unique investment opportunity. You can enjoy the rental cashflow from back units while building your dream house in the front at the same time. Alternatively, you can rent all 4 units for top dollar. All 4 units have their own laundry. This is an extremely rare opportunity for an investor to acquire a 100% vacant building with RD1.5 Zoning. Moments from Abbot Kinney, beach, Rose, and everything else Venice has to offer. ALL UNITS WILL BE DELIVERED VACANT WITH RTI PERMITS TO BUILD A NEW SINGLE FAMILY HOUSE ON THE FRONT UNIT AT CLOSE OF ESCROW!
Last Agent to Sell the Property
Equity Union Brokerage Phone: 919-702-6650 License #02095885 Listed on: 04/16/2024
Last Buyer's Agent
Equity Union Brokerage Phone: 919-702-6650 License #02095885 Listed on: 04/16/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1952 | Remodeled
Lot Details
- 4,802 Sq Ft Lot
- No Common Walls
- Privacy Fence
- Wood Fence
- Rectangular Lot
Parking
- 3 Car Garage
Home Design
- Quadruplex
- Slab Foundation
- Fire Rated Drywall
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 2,766 Sq Ft Home
- 2-Story Property
- Furnished
- Recessed Lighting
- Double Pane Windows
- Vinyl Flooring
Kitchen
- Gas Range
- Range Hood
- Microwave
- Dishwasher
- Quartz Countertops
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Location
- Urban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Water Heater
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 1694
- Assessor Parcel Number 4239004007
- $433 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Operating Expense $31,000
- Gross Income $149,575
- Net Operating Income $141,000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 16, 2024
Closed on
Jun 19, 2024
Sold by
Bought by
Seller's Agent
Salar Farshchi Tabrizi
Equity Union
Buyer's Agent
Salar Farshchi Tabrizi
Equity Union
List Price
$2,899,000
Sold Price
$2,600,000
Premium/Discount to List
-$299,000
-10.31%
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$143,902
Avg. Annual Appreciation
-2.83%
Original Mortgage
$1,950,000
Outstanding Balance
$1,925,115
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$530,983
Purchase Details
Listed on
Apr 16, 2024
Closed on
May 14, 2024
Sold by
Bought by
Seller's Agent
Salar Farshchi Tabrizi
Equity Union
Buyer's Agent
Salar Farshchi Tabrizi
Equity Union
List Price
$2,899,000
Sold Price
$2,600,000
Premium/Discount to List
-$299,000
-10.31%
Views
18
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Outstanding Balance
$1,925,115
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$530,983
Purchase Details
Listed on
May 12, 2019
Closed on
Jun 28, 2019
Sold by
Bought by
Seller's Agent
Elijah Korobkin
Central Realty Advisors Inc
Buyer's Agent
Gabriela Lambert
Innovative Property Strategies
List Price
$2,250,000
Sold Price
$2,350,000
Premium/Discount to List
$100,000
4.44%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.10%
Original Mortgage
$1,235,000
Interest Rate
3.26%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Listed on
Dec 1, 2018
Closed on
Feb 15, 2019
Sold by
Bought by
Seller's Agent
Zee EZeeDoesIT
Real Estate eBroker Inc.
Buyer's Agent
Elijah Korobkin
Central Realty Advisors Inc
List Price
$1,650,000
Sold Price
$1,500,000
Premium/Discount to List
-$150,000
-9.09%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
159.92%
Original Mortgage
$1,480,000
Interest Rate
4.4%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 27, 2013
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,900
Interest Rate
4.17%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 10, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.91%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,600,000 | Lawyers Title | ||
| $2,600,000 | Lawyers Title | ||
| $2,350,000 | California Title Company | ||
| $1,500,000 | California Title Co | ||
| -- | None Available | ||
| -- | Southland Title Corporation | ||
| $325,000 | Southland Title Company |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,950,000 | ||
| Closed | $1,950,000 | ||
| Previous Owner | $1,235,000 | ||
| Previous Owner | $1,480,000 | ||
| Previous Owner | $343,900 | ||
| Previous Owner | $260,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/26/2024 06/26/24 | Sold | $2,600,000 | -10.3% | $940 / Sq Ft | |
| 05/07/2024 05/07/24 | Pending | -- | -- | -- | |
| 04/16/2024 04/16/24 | For Sale | $2,899,000 | +23.4% | $1,048 / Sq Ft | |
| 08/15/2019 08/15/19 | Sold | $2,350,000 | +4.4% | $850 / Sq Ft | View Prior Sale |
| 07/12/2019 07/12/19 | Pending | -- | -- | -- | |
| 07/11/2019 07/11/19 | For Sale | $2,250,000 | -4.3% | $813 / Sq Ft | |
| 05/13/2019 05/13/19 | Off Market | $2,350,000 | -- | -- | |
| 05/13/2019 05/13/19 | For Sale | $2,250,000 | 0.0% | $813 / Sq Ft | |
| 05/12/2019 05/12/19 | For Sale | $2,250,000 | +50.0% | $813 / Sq Ft | |
| 02/25/2019 02/25/19 | Sold | $1,500,000 | -9.1% | $542 / Sq Ft | View Prior Sale |
| 01/24/2019 01/24/19 | Pending | -- | -- | -- | |
| 12/01/2018 12/01/18 | For Sale | $1,650,000 | -- | $597 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $31,972 | $2,652,000 | $1,989,000 | $663,000 |
| 2024 | $30,657 | $2,519,672 | $2,144,403 | $375,269 |
| 2023 | $30,061 | $2,470,267 | $2,102,356 | $367,911 |
| 2022 | $28,657 | $2,421,832 | $2,061,134 | $360,698 |
| 2021 | $28,360 | $2,374,346 | $2,020,720 | $353,626 |
| 2020 | $28,606 | $2,350,000 | $2,000,000 | $350,000 |
| 2019 | $5,767 | $456,731 | $281,067 | $175,664 |
| 2018 | $5,701 | $447,776 | $275,556 | $172,220 |
| 2016 | $5,434 | $430,390 | $264,856 | $165,534 |
| 2015 | $5,357 | $423,926 | $260,878 | $163,048 |
| 2014 | $5,401 | $415,623 | $255,768 | $159,855 |
Source: Public Records
Agents Affiliated with this Home
-
Salar Farshchi Tabrizi
-
Demetra Kalivas-Rees
Seller Co-Listing Agent in 2024
Demetra Kalivas-Rees
Equity Union
(562) 961-1400
1 in this area
48 Total Sales
-
Elijah Korobkin
Seller's Agent in 2019
Elijah Korobkin
Central Realty Advisors Inc
(323) 873-9332
1 in this area
9 Total Sales
-
Zee EZeeDoesIT
Seller's Agent in 2019
Zee EZeeDoesIT
Real Estate eBroker Inc.
(310) 261-2543
12 Total Sales
-
Gabriela Lambert
Buyer's Agent in 2019
Gabriela Lambert
Innovative Property Strategies
(310) 699-6946
8 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR24075666
APN: 4239-004-007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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